What you need
- Income details
- Value of the collateral
- Overview of obligations
Business and personal credit cards
The insurance that comes with a credit card derives from a group policy held by the card issuer: you use the cover, but you are not the policyholder.
- several insurers compared objectively
- 9.5 customer rating for a new policy
- AFM licence 12016589
- Personal 072 - 509 24 56, weekdays 9–17
This page in another language: Nederlands
Work out for yourself what it would cost.
Enter your details; you will receive a proposal within one working day.
- We compare the offerings of several insurers
- An adviser checks whether the cover suits your activities
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
Many cards come with a small package of cover: travel and cancellation cover, purchase protection, sometimes the excess on a hire car or accident cover while using public transport. That cover attaches to the card, not to you. If you cancel the card or the issuer changes the conditions, your cover changes with it and you have no say in it.
Two features determine how much practical use it is. First, paying with the card is a condition of cover: anything you settle another way falls outside the policy. Second, the cover is almost always secondary, which means your own travel insurance takes precedence and the card cover at most tops it up.
We do not issue credit cards. You apply for those through your bank or card issuer. We do set your card conditions alongside your own personal insurance to see where you are paying twice and where there is a gap.
Insurance never stands alone
A mortgage, loan or investment often touches your insurance too. We look at the bigger picture and point you to the right specialist whenever something falls outside insurance itself.
FinancialPhoto coming soon
OverviewPhoto coming soon
AdvicePhoto coming soon
What do business and personal credit cards cover?
The structure of the cover in three parts, with an overview per situation below.
What it costs
What is often forgotten.
- Advice and arrangement fees
- Valuation and notary
- Property transfer tax
What goes with it
What the lender requires.
- Buildings insurance compulsory
- Sometimes term life cover
- Interested party on the policy
What is covered
| Subject | Explanation |
|---|---|
| Advice is independent | Yes |
| We compare several providers | Yes |
| We arrange credit ourselves | No |
| Referral to a specialist party | Yes |
| A first conversation without obligation | Yes |
| Costs clear in advance | Yes |
This overview is general in nature and is not personal advice. What is actually covered, including exclusions, limits and the excess, is set out in the policy conditions and the insurance card (verzekeringskaart) of the insurer; you receive both before you take out cover. Taking out cover without advice? Then read what execution only means for you.
What does your premium depend on?
- Number of insured persons on your own travel policy. Travelling alone, as a couple or as a family with children leads to a different premium.
- Area of cover. Europe or worldwide; outside Europe the medical costs weigh most heavily.
- Continuous or single-trip. If you travel several times a year, annual cover is usually more suitable.
- Cancellation cover included or not. Cancellation is a separate module with its own sum insured per person.
- Winter sports and special sports. These activities are excluded as standard and must be insured separately.
- Luggage limit and excess. Higher limits for luggage, jewellery and equipment increase the premium.
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, your risk and your wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Where things go wrong in practice
Four points that make the difference between a policy that pays out and one that does not.
Paying with the card is the condition, not holding it
Most card cover applies only if the trip or the purchase was actually paid for with that card, often even the full cost of the trip. If you pay the deposit with the card and the rest by bank transfer, there is sometimes no cover. Bookings paid with loyalty points, vouchers or in someone else's name are also excluded.
Secondary cover means your own policy comes first
If you have an annual travel policy, you report the claim there and the card cover adds little. Conversely, it is risky to cancel your own policy: card cover comes with age limits, a maximum trip length, low luggage limits and usually no cover for winter sports, diving or other special activities.
You do not set the conditions and cannot change them
The card issuer is the policyholder under a group contract. You cannot buy extra cover, increase a sum insured or have a clause removed. Changes are made unilaterally. Do report a claim within the stated period: under Article 7:941 of the Dutch Civil Code you must report an event as soon as possible, and reporting late can cost you the payout.
A business card does not cover your employers' liability
If an employee travels on the business card and is injured, you remain liable as employer under Article 7:658 of the Dutch Civil Code and, for road accidents during working hours, under the standard of Article 7:611 of the Dutch Civil Code. The card cover is travel and accident cover and not liability insurance. Loss of business equipment and fraud by an employee are not covered either.
Frequently asked questions
This is what people ask us most.
Does the cover on my credit card replace travel insurance?
Usually not. Card cover is limited in its sums insured, has a maximum trip length and an age limit, and is secondary to your own policy. For short city breaks within Europe it may be enough. For longer trips, travel outside Europe or trips with expensive luggage it almost always falls short. Compare the conditions before you cancel anything.
What if I pay for only part of the trip with the card?
That depends on the conditions. Some issuers require the full cost of the trip to have been paid with the card, others are satisfied with a deposit or part of the amount. If you pay with loyalty points or a voucher, there is usually no cover. Keep the statements: when you claim you have to be able to show payment with that card.
Does a business card cover my liability on a business trip?
No. The card provides at most travel and accident cover for the cardholder. Your liability as employer for injury to an employee runs via Article 7:658 of the Dutch Civil Code and, for road accidents during working hours, via Article 7:611 DCC. That requires business liability insurance, possibly supplemented by employees' motor accident cover.
Can Finass assess my card conditions?
Yes. We request the insurance conditions for your card and set them alongside your own travel, cancellation and contents cover. That shows where you are paying twice and where a gap arises. You apply for the credit card itself through your bank or card issuer. We do not broker that, because it falls outside our licence.
Every situation is different. For these situations we have a separate page.
- Finance: we refer you onThe main page
- Financing property outside the bankAlternative lenders, conditions, security
- Bridging mortgageTwo homes, temporary, double costs
- Financing commercial propertyAssessment, vacancy, security
- Interest-only mortgageNo repayment, end of term, tax
- Calculate your maximum mortgageIncome, value of the home, obligations
- Business credit card for self-employed professionalsCard cover, business travel, not a bank
- Financing a carForms, residual debt, insurance
Read more
Ready to compare?
Request a quote without obligation. We will look at which insurer best matches your activities and your risk.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.